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Norwegian Cruise in choppy waters as pre-pandemic occupancy still a year away

August 10, 2022520 Views

Norwegian Cruise Line Holdings Ltd forecast a loss for the current quarter and revenue below estimates as occupancy rates remained stubbornly below pre-pandemic levels, sending its shares down 12% on Tuesday. Its second-quarter occupancy of 65% compared with more than 107% in 2019, a level the company does not expect to reach till the second quarter next year. In contrast, rival Royal Caribbean Group forecast triple-digit occupancy by the end of this year and Carnival Cruise Line expects to approach 110% during its current quarter. FILE PHOTO: The Norwegian Getaway and the Norwegian Pearl cruise ships are seen docked at Miami port, after Norwegian Cruise Line Holdings Ltd cancelled sailings amid rising fears of Omicron-related coronavirus infections, in Miami, Florida, U.S. Janua...

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Tourists booking cruise trips directly with liners due to pandemic

AWARA MUSAFIR BUREAU

February 15, 2022685 Views

Revenue increase of intermediaries not at par with increase in number of cruise tourists As a result of the COVID-19 pandemic, cruise bookings have shifted away from intermediaries with cruise tourists opting to book directly with the cruise line rather than through an Online Travel Agent (OTA) or the high street, finds GlobalData, the leading data and analytics company. FILE PHOTO: People pause to look at Norwegian Cruise Line's ship, Norwegian Breakaway, on the Hudson River, in New York. (AP Photo/Richard Drew) Industry revenue from cruise intermediaries in 2021 increased by 65% year-on-year (YoY) from $11.8 billion to $19.5 billion. However, cruise passengers have increased at a significantly higher rate. According to Cruise Lines International Association (CLIA), cruise tour...